CHETANA
Chetana Education financials
- Market cap
- ₹86 Cr
- Calls analysed
- 1
CHETANA Q4 FY26
What went well
- FY26 Revenue increased by 6.5% to INR 109 crores from INR 102 crores in FY25.
- PAT for FY26 was INR 13.55 crores.
- Digital revenue from QR-enabled products grew significantly, now contributing 15% of total revenue.
What to watch
- PAT margin remained flat due to a one-time INR 0.55 crores gratuity provision.
- The new OTT subsidiary, Dijaa, incurred a startup loss of INR 0.55 crores in FY26.
What Chetana Education Ltd does
Chetana Education Ltd is a content-driven K-12 book publisher producing curriculum-aligned textbooks for CBSE and the Maharashtra State Board (NEP 2020-aligned), in English, Hindi, Marathi, Kannada and Tamil, under an asset-light model that outsources printing, paper sourcing, binding and lamination to vendor partners. Its books carry QR codes linking to a library of instructional videos for self-study, and it runs 'Books & Beyond', a portal giving teachers ready-to-use lesson plans and presentations. Through wholly-owned subsidiary DIJAA Education, it operates DOTTSTAR, a school-branded, SaaS-like OTT learning platform, and it has also introduced a stationery range (notebooks/longbooks) under a Smart School Project. Distribution runs through two Carrying & Forwarding facilities (North and South India), a dealer/distributor network and an in-house sales team calling on CBSE/state-board schools and coaching classes.
Segments
- Publishing (K-12 books)
- Digital / EdTech (DOTTSTAR OTT under DIJAA)
- Stationery (Smart School Project)
- Branches & marketing offices
- 22, across 18 Indian states; also present in UAE & Sri Lanka
- Distributor & dealer network
- 500+
- Employees
- 450+ (incl. 250+ sales team)
- Book titles / brands
- 750+ titles across 15 brands
- Contractual authors
- 400+
- Educational video library
- 30,000+ QR-linked videos; DOTTSTAR library scaled to 35,000+
Guidance record · Q4 FY26
what the last two calls moved 8 tracked 0 delivered 0 missed 8 open- Group Revenue open said Q4 FY26 Promised: INR 150-160 crores by FY29 Q4 FY26: Management targets a 50-60% jump in top-line to reach INR 150-160 crores by FY29.
All 8 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 27.5%, net profit down 60.0% against the same quarter last year.
| Line item | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|
| Revenue | 40 | 58 | 44 | 59 | 51 +28% |
| EBITDA | 15 | 16 | 6 | 14 | 8 −47% |
| Net profit | 10 | 10 | 3 | 9 | 4 −60% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −43.7% 1Y
1Y: ₹74.55 on 10 Sept 2025 → ₹42. High ₹75.95 (12 Sept 2025), low ₹30.95 (30 Mar 2026).
Balance sheet
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity capital | ₹15 Cr | ₹20 Cr | ₹20 Cr |
| Reserves | ₹10 Cr | ₹68 Cr | ₹72 Cr |
| Borrowings | ₹52 Cr | ₹5 Cr | ₹27 Cr |
| Other liabilities | ₹20 Cr | ₹13 Cr | ₹14 Cr |
| Total liabilities | ₹97 Cr | ₹107 Cr | ₹133 Cr |
| Fixed assets | ₹3 Cr | ₹2 Cr | ₹4 Cr |
| Capital work in progress | ₹0 Cr | ₹1 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹94 Cr | ₹103 Cr | ₹130 Cr |
| Total assets | ₹97 Cr | ₹107 Cr | ₹133 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Mar 2025, DIIs trimmed −3.73 pp while the public added +2.30 pp. The shareholder count grew 9% to 706.
- Promoters
- 74.0%
- FIIs
- 1.0%
- DIIs
- 0.9%
- Public
- 24.1%
Since Mar 2025
- DIIs −3.73 pp
- Public +2.30 pp
- FIIs +0.94 pp
How it drifted, 6 quarters
Over this window DIIs fell from 8.1% to 0.9% — −7.2 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 73.5%, FIIs 0.8%, DIIs 8.1%, Public 17.6%.Mar '25: Promoters 73.5%, FIIs 0.0%, DIIs 4.7%, Public 21.8%.Sep '25: Promoters 74.0%, FIIs 1.0%, DIIs 3.3%, Public 21.7%.Dec '25: Promoters 74.0%, FIIs 1.0%, DIIs 3.2%, Public 21.8%.Mar '26: Promoters 74.0%, FIIs 1.0%, DIIs 1.7%, Public 23.3%.Jun '26: Promoters 74.0%, FIIs 1.0%, DIIs 0.9%, Public 24.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Crizac Technologies Private Limited newly disclosed 1.22% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Chetana Education Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Anil Jayantilal Rambhia | 34.07% | unchanged |
| Rakesh Jayantilal Rambhia | 34.07% | unchanged |
| Gryffin Advisory Services Private Limited | 5.41% | unchanged |
| Chetana Publications Private Limited | 1.47% | unchanged |
| Crizac Technologies Private Limited | 1.22% | newly disclosed |
| Surekha Rakesh Rambhia | 1.10% | unchanged |
| Jania Rakesh Rambhia | 1.10% | unchanged |
| Diva Anil Rambhia | 0.74% | unchanged |
| Aashna Anil Rambhia | 0.74% | unchanged |
| Shilpa Anil Rambhia | 0.74% | unchanged |
| Finavenue Capital Trust - Finavenue Growth Fund AIF | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- -21.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse Chetana Education Ltd
Guides on how to read this kind of business and the numbers that matter.